Cronos Labs, a blockchain business accelerator focused on advancing DeFi, GameFi, and the Cronos ecosystem, today revealed the third cohort of its flagship Cronos Accelerator Program, which is backed by whopping $100 million. The initiative, which was first introduced in 2022, aims to support the most promising early-stage cryptocurrency projects that
January 16, 2024 3 mins read
The opening of Binance’s Thailand subsidiary was announced on Tuesday by the world’s biggest cryptocurrency exchange, Binance. As a joint venture between Binance and Gulf Innova from Thailand, Gulf Binance formed the recently launched exchange, Binance TH. It will serve as a platform for both trading and brokerage services. #Binance
January 16, 2024 2 mins read
DeFi protocol Renzo has declared a $3.2 million seed round, backed by leading cryptocurrency native funds. Renzo plans to use the funds to further develop its liquid restaking protocol, which has recently gone live on EigenLayer. Renzo’s seed round was headed by Maven11, and further investments were made by Figment Capital, SevenX, IOSG,
January 15, 2024 2 mins read
A new UN report states that Tether (USDT) is being used by Southeast Asian fraudsters and money launderers. The UN Office on Drugs and Crime has published a report that brings attention to the worrying increase in scams, with a focus on the notorious “pig butchering” strategy that involves fake
January 15, 2024 2 mins read
Bitfinex CTO Paolo Ardoino said that a “partial payments exploit” trying to transfer over $15 billion worth of XRP (XRP) from an unidentified wallet to Bitfinex on January 14 never materialized. Blockchain monitoring firm Whale Alert was the first to bring attention to the move. Whale Alert claimed to have
January 15, 2024 1 min read
The Petro (PTR), the official cryptocurrency of Venezuela, will reportedly stop functioning on January 15th. The government established the currency in 2018 to avoid US sanctions, but it never gained any traction. According to reports, the government-run Petro currency website announced the closure, however the site was down recently. Reportedly
January 13, 2024 1 min read
Larry Fink, CEO of BlackRock, recently spoke with CNBC and said that he “sees value” in creating an Ethereum spot ETF in the US. Recently, the company’s spot Bitcoin ETF (IBIT) had a successful debut trading day. The biggest asset management in the world, BlackRock, applied to the SEC for
January 13, 2024 2 mins read
Coinbase has teamed up with Africa’s Yellow Card to launch its products in 20 African nations, with an emphasis on growing the accessibility of the USDC stablecoin. Moreover, Coinbase will integrate Yellow Card’s payment rails in Africa as part of the agreement, according to Yellow Card CEO Chris Maurice. This
January 12, 2024 1 min read
After the hack of the SEC’s Twitter account on January 9, two U.S senators have demanded that the agency disclose the incident to Congress. On the same day, Senators J.D. Vance and Thom Tillis sent a letter to SEC Chair Gary Gensler, expressing their “serious concerns” about the commission’s internal
January 10, 2024 2 mins read
Ben Zhou, the CEO and co-founder of Bybit, outlined the future of the cryptocurrency business in his keynote speech after the exchange increased its spot market share by eight times in 2023. Bybit’s noteworthy achievements and future goals were highlighted during the CryptoArk Keynote, demonstrating the company’s steadfast dedication to
January 10, 2024 2 mins read